A selection of the best quotes from this week’s news.
“I think it’s here to stay. The worries that have been raised are not right. It’s not being represented in the right manner by these people” – Rakesh Biyani, joint managing director of Future Group tells just-food why the FDI reforms in India are the right thing to do.
“We have decided to quit United Progressive Alliance (UPA) and our ministers will submit their resignations on Friday to the Prime Minister in New Delhi” – Trinamool Congress Party Chief Minister Mamata Banerjee on its paty’s decision to resign from the coalition in protest over plans to allow FDI in India.
“We have said it before and we say it again, we find the Ocado business model to be distinctly lacking compulsion, potentially flawed and is increasingly likely not to deliver any form of reward for investors on the upside anytime soon, if ever” – Shore Capital analyst Clive Black on Ocado’s Q3 earnings results.
“What we’re talking about is turning our US, our old business, from what was negative 4% and 5% growth last year for volume up to flat and slightly positive as the year unfolds” – General Mills CFO Don Mulligan commenting on US retail volumes.
“We’re going to build out from the infrastructure in places that we already have pretty good scale” – ConAgra Foods CEO Gary Rodkin says it will not “just plant a lot of flags” when looking at M&S opportunities.
“With this transaction, we can now focus entirely on business-to-business” – Barry Callebaut CEO Juergen Steinemann on the firm’s decision to sell its factory and the related business in Dijon.
“The current traffic light system is undermined by inconsistent nutritional criteria, which is a recipe for confusion not clarity” – Morrisons director of brand development Sonia Whiteley-Guest says it will “work hard to reach a common set of rules” which clear up the confusion over labelling.
“It is not surprising given the strong attributes of the business” – a spokesperson for United Biscuits confirms it has received interest from potential purchasers of its salty snacks unit.
“I have already met with one of the groups of bidders personally in my office and my officials have spoken with two others, making three interested parties at this stage” – Scottish government minister John Swinney says VION has received three bids for its Hall’s of Boxburn site.
“Roshen Confectionery Corporation has a branch office in China and we conduct negotiations concerning cooperation with distributors in other countries of East and south-east Asia” – a spokesperson for Roshen confirms the company is in discussions over potential expansion in south-east Asia.